The credit card installment business of Agricultural Bank of China includes bill installment, merchant installment, special installment and consumption installment, etc. The application time and application method for different installment services are different.

1. Bill installment: Apply from the day after the bill date to the end of business on the due repayment date of the bill. The maximum amount that can be installmented for each bill installment shall not exceed the total amount of new consumption transactions in the current bill. And it does not exceed the permanent limit of the account; annual fees, cash advance transactions and handling fees, interest, late fees, over-limit fees, principal repayments and handling fees for each period arising from installment transactions, temporary limit adjustments and consumption corresponding to overpayments and other credit card charges cannot apply for bill installment.

2. Merchant installment: Apply for merchant installment directly at the cooperative merchant cashier of Agricultural Bank of China. Under normal circumstances, the amount of a single transaction for merchant installment business shall not be less than RMB 100. Different merchants have different minimum points requirements for merchant installments. Please consult the merchant for the specific minimum points amount.

3. Special installment: Agricultural Bank of China’s credit card exclusive installment refers to credit card installment services such as automobile installment and home improvement installment that Agricultural Bank of China and cooperative merchants carry out. Generally, there is a special installment process. For example, the steps for automobile installment with Agricultural Bank of China’s credit card are as follows: Select the car model of your choice at the dealer; fill out the car installment application form and present the required supporting documents; the Agricultural Bank of China will approve the credit limit and notify the customer to go through relevant procedures; the cardholder will go to the dealer to swipe the card and pick up the car.

4. Consumption installment: The application time for consumption installment is from the time the consumption is recorded to the close of business on the first billing day; the starting amount for a single transaction to apply for consumption installment is RMB 500, and the maximum cannot exceed Jinsui Loan Permanent credit limit on the card; currently Agricultural Bank of China provides consumption installments of 3 months, 6 months, 9 months, 12 months and 24 months, and the cardholder can freely choose the number of installments.